Intrum declares its support for the Task Force on Climate-related Financial Disclosures (TCFD)
Intrum has declared its support for the Task Force on Climate-related Financial Disclosures (TCFD), joining more than 2,500 organisations globally in building a more resilient financial system where climate-related risks and opportunities are identified. But how will that help to address climate change? We asked our Sustainability Director, Vanessa Söderberg to explain more.
There is a growing demand for climate-related information by a range of actors in the financial markets. Intrum, as the first actor in its sector, has initiated the implementation of the TCFD recommendations in financial reporting – an important step to further develop our sustainability agenda.
Supporters of the TCFD span the public and private sectors and include national governments, central banks, stock exchanges, credit rating agencies, financial organizations and private sector businesses from a variety of industries.
But first, can you please explain what Task Force on Climate-related Financial Disclosures is?
“It is a framework for financial reporting that guides disclosures on climate related risks and opportunities. This means that the TCFD recommendations help businesses to address the financial impact of climate change on their operations. In the big perspective, increased disclosures in line with the recommendations will help global markets make more efficient capital allocation decisions. It also supports mitigating the disruptive effects of global climate change.”
We recognise the growing impact of climate change and the decision to implement the TCFD’s recommendations is an important step to address climate related risks.Vanessa Söderberg, Sustainability Director at Intrum
How does it help Intrum, in practice, to address climate change?
“By implementing the recommendations in our governance systems and decision-making processes we can identify and mitigate climate related risks, as well as identify opportunities. Our performance and management of these specific topics will be disclosed in the Annual and Sustainability Report. In the end of the day, Intrum and our external stakeholders will be able to make more informed financial decisions – which is key to ensure a more sustainable future and meeting governmental climate targets.”
Why did you decide to join the TCFD now?
“We recognise the growing impact of climate change, and at Intrum we aim to lead the way towards a more sustainable industry. The decision to implement the TCFD’s recommendations is an important step to address climate related risks. To continuously report on our performance will help to understand how we better can take action.”
For more information about the Task Force on Climate-related Financial Disclosures, please visit www.fsb-tcfd.org.
